By R. Wilson
There's a revival of curiosity by way of economists in moral matters and ideology, and by means of ethical philosophers and theologians in economics. This ebook is meant to make contributions to this cross-fertilisation of principles. Rodney Wilson has undertaken an intensive survey of Jewish, Christian and Muslim perspectives on economics, and reviewed the swiftly increasing enterprise ethics literature from a spiritual standpoint. The juxtaposition of the paintings of theologians and ethical philosophers with that of economists ends up in a few attention-grabbing comparisons.
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Additional info for Economics Ethics and Religion: Jewish, Christian and Muslim Economic Thought
Hand-written copy of Mitchell's introduction to the programme for the Kosmos Club for 1909-10 edited by Malcolm Rutherford. 60 John Adams, 'Economy as instituted process: change, transformation and progress', Journal of Economic Issues, Vol. 28, No. 2, 1994, pp. 332-3. 61 John Adam's views on the role of religion were very similar to those of Adam Smith. For a critique of the latter see Warren J. Samuels, The Classical Theory of Economic Policy, World Publishing, Cleveland, Ohio, 1966, p. 34. 2 Judaism Judaism, as the oldest of the three major world religions originating in the Middle East, is the natural starting point for this investigation.
1958, pp. 418-34; John T. Noonan, The Scholastic Analysis of Usury, Harvard University Press, 1957, pp. 82-99; Stephen T. Worland, Scholasticism and Welfare Economics, University of Notre Dame Press, 1967, pp. cit, pp. 102-20. 58 JJ- Spengler, Origins of Economic Thought and Justice, Carbondale, Illinois, 1980, p. xii, cited in Kleiman, Just price', p. 40. 59 Ephraim Kleiman, 'Opportunity cost, human capital and some related concepts in Talmudic literature', History of Political Economy, Vol.
This was causing the price of pigeons to rise, so that the poor could no longer afford them. 37 There is a notion of a just price in Judaism, the concept of ona'ah, which seems to imply not only an honest price, but a price which is fair in the sense of not being exploitative. Ona'ah only applies to transactions between Jews however. Honesty is required in all dealings with gentiles, but there is no specific restraint required if the Jewish partner is in a superior bargaining position to protect the financial position of a nonjew.